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months. it could mean delaying the tax penalties if you don't enroll or delay could mean not doing anything on the individual mandate. how do you read that? >> republicans sense weakness. when you look at senator joe manchin of west virginia and others are pushing to enter into the obama care exchange for the individual mandate, so democrats are pushing for a delay on that front. republicans, of course, are pushing for a delay of the entire individual mandate. they would like to get inteegious on the record on those fronts. >> robert costa, thank you very much. we appreciate it, as always. >>> health and human services kathleen inte k -- kathleen sebelius is set to testify tomorrow. going back to the office of management and budget during the reagan years. chairman fred, thank you for coming on. i appreciate it. look, a very embarrassing politically devastating moment for obama, this whole business about false promises and you are not going to be able to keep at least 50% won't be able to keep their insurance plans what can you do about it, fred? what can you do about it? >> well,
. look at this, judicial watch reports that former irs official lois lerner shared confidential tax info with the federal elections committee. if true, that would be a felly. 48 million people on food stamps facing cuts in the program. 36 bucks a month. 420 a year cut. last item, french soccer going on strike. the reason, french president hollande won't give the teams and players an exemption from that 75% tax on million dollar sales, they're striking. we haven't forgotten about your money. it's all about tech. apple's new ipad on sale today, that and more obamacare bombshells in a moment. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. ♪ we need a little christmas right this very minute♪ >> i suppo
out of 12% declared that america's large profitable corporations are paying a lower tax rate than our teachers and firefighters. this went back and said, look, this isn't the way to do it, not one year, because it followed the recession. it followed 2008 and 2009. you remember ge and other corporations? the entire financial sector had a lot of writeoffs. he did a different study. he went back and did 2004 to 2010, he counted all taxes paid worldwide, including state, including foreign, and the effective tax rate of all u.s. corporations exceeded 35% from 2004 to 2010. the other thing he found out was since 1997 all the leading economies of the world, 31 out of 34 have cut their corporate tax rates to attract job. >> did you say that includes foreign taxes too? >> includes foreign taxes. >> i mean, don't we only care about taxes paid here in the united states? >> why, because that's all we collect? >> yeah. it doesn't matter if we collect, it matters how competitive -- >> it matters if you're looking at u.s. tax receipts. if you're looking at u.s. -- >> doesn't it matter whether u.s. c
, for french footballers is kicking off as francois hollande holds firm on his top tier tax rate. we'll cross to paris at 10:20 cet. >>> and twitter's road show continues with the social media firm visiting chicago today. the company's set to start trading next thursday. but is the ipo price too conservative? we'll discuss that and plenty more coming up after this. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> part nationalized financing rbs will be creating an internal bad bank to separate toxic assets from the rest of its business. that as the lender's sole losses narrow from a year ago. it announced it was setting aside another 250 pounds for ppi selling provisions. rbs warned of a substantial full year loss. it expects litigation charges to continue. our br
year's crisis in washington? what they did was, they raised taxes, and they cut spending through the sequester. and that's had a fairly predictable result. it's been good for the deficit. take a look at this chart, and you'll see the deficit as a percent of gdp has gone down dramatically since 2009 when it was 9.2%. 2013, just 4.1%. 79% of the decrease the government says it due to tax receipts. record tax receipts in 2013, up $325 billion from 2012. that's up 13%. so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money that the federal government has collected in settlements, fines and so forth with, for example, financial services company -- companies in the hundreds of billions of dollars over the past four or f
of our survey. a heated debate on the merits of investor in twitter. growing calls to tax the rich. robert frank will be along to tell us where the flash points are and whether you should be calling the moving vans. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> >>> it's a big week at big board. twitter shares will begin trading on thursday. the social networking giant raised the
they have to bring it back from over seas and pay tax on it. does that tell you anything if they borrow to buy? >> yeah, i've seen that a lot and i think the match shows that that can make sense and again, that's an issue with the tax code. it -- i don't necessarily agree with some of the tax policies that we have for patrioting of cash but with those costs to bring back in money from the united states, it certainly can make sense to borrow and buy back. >> we'll leave it there. thank you for your thoughts. tim courtney. >>> and some more trouble at jp morgan chase. the u.s. justice department and securities exchange commission are looking into the hiring practices at jp mogen at hong kong offices. relative of chinese party officials got jobs there and the bank said in a regulatory filing that several u.s. government agencies requested information about the foreign exchange trading business and whether employees were rigging the market. >>> jp morgan chase isn't alone. citi group, the bank that conducts the most international business revealed that federal investigators are looking into
and says it's worth $40 a share. there's the alibaba ownership. that's after tax affecting it i think. and you get to $40 -- $6 a share for the core business. we shall see. but i will tell you this, alibaba growing as quickly as it is will be fascinating to see when it does come public. that will be a first half ipo. again, the filing still expected in the first quarter. you actually get the offering then, unclear, but let's assume it's the first half of the year. another key that yahoo! shareholders need to be up on, can they figure a tax efficient way for what it doesn't sell, may sell as little as 9% and therefore have a good remainder of alibaba, which is shocking, $190 billion. >> it's killing it. >> killing it. ebidta growing. it puts twitter to shame. >> as for the bernstein call, what if the core value does improve? >> here's the issue for me. wrooef se we've seen these over and over again, internet companies and people go crazy. i don't know what to pay for alibaba. i don't. if it's real, and it sounds real -- >> it's real. this company is generating enormous operating profit
the march 31st to sign up for the coverage next year and avoid tax penalties. the announcement was expected because they have been promising quick action to solve the technical problems with people and rolling on the website. >> here is a computer problem. two of his terrtdweets was tax. hacked. this was suppose to send people to a nils article but it went to some terror attacks including 911. the attackers apparently are supporters of the syrian president and they have also hacked other accounts. >> a new mexico legislator is both seen about to do any deal theing yoga and class. they spoke with leaders and the teacher stated that she does not call led that but college stretching or networking. they stated that parents should be notified and given the option if they do not want their children to participate. on the kron4 facebook page of yours rodin, including best s dennis stated. >> this is a way of life but a religion, no. >> tell us what you think. join the conversation or you can't go on kron4.com for more on this story. >> the time is 6:23 a.m.. if you know someone, you might be
is compounding the problem. >> it will pass to the customers over a billion dollars worth of taxes and fees associated with the affordable care act that need to go into pricing. >> reporter: divided among aetna's 22 million members, that's not much but some say there are other added costs. children covered on parents' plans until they are 26 and protections for preexisting conditions. >> the analogy would be your house starts to burn. you call the insurance company immediately and say i would like household insurance. they say okay, sure. >> reporter: even employers say much of the increases are simply the result of rising health care costs and more people using health care. factors that at least for now have nothing to do with obama care. scott cohn, "nightly business report." >>> here to talk more about the changing landscape of health insurance is greg, assistant professor of management at northwestern university kellogg school of management and specializes in health care. good to have you with us. i assume you heard scott's package there. i want to get your best guess, estimate of how m
early next year? they're going to cave on the budget? what are they going to do about taxes? well, they are here next. ♪ inside out, and round and round♪ ♪ upside down you turn me, you're giving love instinct tiffly. round and round you'll turn me♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three important reasons to take eliquis instead.
't forget, it's tax deductib deductible. >> i disagree. okay. >> last word. are you disinvesting, mike? >> no, no, i'm always fully invested. i've been riding this. i've been delighted. we've had a very defensive take on the markets. as you know, i've stayed with my health care, my technology. my industrial stocks and my consumer staples. we've been looking like a hero. i hope it continues. but i don't -- i think you're much wiser when prices get this high. p/e multiples expand and profit margins are at all-time highs to hit your singles and doubles. >> buy and hold. that's my mantra. this thing is going to come to an end. they always do. i know that. >> yeah. >> but right now, it isn't the end. i'm with mr. heebner on this one. thank you. we appreciate it very much. >>> now, news, israelis take out a huge shipment of russian missiles in syria. looks like they were being sent to the terrorists at hezbollah. we're going to have the latest on that developing story and more, just ahead. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. s
's the 1st of november, but a huge tax hit is being taken out of that in the state of california. some people say, oh, poor kobe, but maybe that would make him want to play for the rockets -- [laughter] >> more and more i think athletes are considering this, you know? the money they're making now you say, okay, maybe it's not as bad. we know up until recently athletes, you know, have gone broke or really said, golly, have to find a new job or career, but almost 40% federal, 3.78% for medicare and 13.3% california. so 56.7% of his income going to taxes, and it's an environment of paying your fair share, you know? i don't know how much of the public services out in california he's using. i just don't think it's that much. i don't think it's $14 million worth. connell: not exactly a sympathetic figure, but we get your point. >> that's the whole thing. no one's sympathetic except when it starts to trickle down. ofof course, in france they're starting to talk about not even having a soccer season this year. connell: 75%, incomes over a million euro? >> yeah. 75%. and so now the owners -- da
is also a very interesting idea to consider. put a little box in your car and pay taxes only on how many miles you drive, not on how much gas you pump or how much gas you use. the people behind this idea say it would mean the end of the gas tax and that you would be rewarded for driving less, but could it also mean an invasion of privacy? who is up? who is down some swho a winner if this actually takes place but one idea that one state is testing out and we will talk about it. >> look forward to hearing about it. >> of course. >>> it is time for your morning rhyme. our tweet of the day comes from? >> rich chosen one. that is his name. rich chosen one. he writes halloween's frights kept me up all the time but it's all right because i have "early start" in my sight. multiple use of the rhyme there. you can come up with your own any time you want. tweet us with the addresses and we appreciate it. >>> coming up next, a remarkable story. >> right now, more than ever, there seems to be a lot of hope and optimism. >> the american trying to lead iran to glory on a soccer field. we are live in te
penalties from a tax refund, but if you aren't owed anything, the irs' options are very limited. why? congress banned the irs from using its usual techniques to force people to pay the penalty when it passed the affordable care act in 2010. >>> we have a chilling story out of colorado. police this morning searching for a predator who snatched a little girl from her bedroom in the middle of the night. authorities say the man pulled her through the unlocked window but the 8-year-old fought back courageously breaking free. her father heard her screams and ran outside to help her. he tells police he saw the suspect speeding away in the alley behind the house. >> we are treating this matter extremely seriously. we think there's a predator out there and he has to be stopped and he has to be caught. >> all the apartments on this block, it had to be somebody they knew, to know which room she was in and all that kind of stuff. >> investigators say they do not believe this family was specifically targeted. they did release a stretch of the suspect and they're treating the case as an attempted
to the cuts in the sequester and higher tax revenues, the budget short fall for 2013 $2013 is $680 billion, lowest since 2008. >>> coming up, cities that have one or two days of cash on hand left. the ramifications coming up but first, a look how international markets faired today. >>> the buckle of the day where we start tonight's market focus and why not on this halloween? far su pharmaceuticals ariad after it stopped an on going trial of the medicine over safety concerns. the stock down almost 45% today and look at this next chart, down 88% for the month. >>> and ding dong, avon falling, the shares tanked after they reported a big earnings miss. a drop in north american sales and emerging markets threatened the turn-around plan. the door to door warned numbers will be hurt by larger than expected fine by the fcc to settle a bribery probe. the stock dropped 22% today to $17.50. >>> "the times" reporting a net loss after selling "the boston globe" and set a decline on online ad sells. the stock is up 62% so far this year. >>> expedia stocks soared after the company reported quarterly prof
'm assuming, as i pay my taxes, that they're listening to everybody. >> yes, i hope so. and who is that lady that -- >> what they're not doing, i'm assuming, is taking notes. i think where we went wrong with the u.s. administration, joe, they wrote it down that they were listen to go angela merkel. >> that's what happens. who's that lady that tells daniel craig what to do? >> m. >> she knows, right? >> yes. i'm just trying to get this straight. the germans, they're rich. the germany at this point is -- it reminds me of cas casablanca. germany has not earned its spying outrage with all of their arms dealings and all the -- anyway, we get involved in everything over here, ross. >> there was a report yesterday, annette talked about it out of frankfurt. there was one report in the german press that said it may -- because of hangovers from the laws post the war, it may not be illegal for the u.s. to spy on the -- to listen in on the german fwoft. so there is some debate about whether the u.s. has broken any german law whatsoever. >> right. anytime you guys want you to stop funding nato and protec
but they will have some new options for those who want to cover their employment and new tax credit possibilities. for large employers, 96% already cover their employees. the penalty that you're constituents referred to is not a penalty that is imposed in 2014, it is being discussed with businesses about what kind of information is exchanged and it will take place -- >> i thank you. he's going to use the gavel on me if you don't hush. i yield back my time. >> how much time -- the chair would recognize the gentle lady from california, miss eshoo. >> welcome, madam secretary. you're a distinguished woman, you have distinguished yourself and your state, the offices that you've held and now working for the american people and i salute you for it. i want to really congratulate my republican pals for being absolutely 1,000% consistent. you love what's wrong with the web site and you detest what's working in the affordable care act, and i think that that is on full display here. but let's get back to the web site because that's what the hearing is about. it's my understanding that november 31st is the -
. but we need some government policies to let us be more competitive. >> like what? >> we need a new tax system. we have a flawed tax system. individual tax system, corporate tax system. we need real serious health care reform to deal with some of the fiscal problems that are coming down the road. we need -- we need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex things done is from the executive branch and with congress being willing to compromise. >> was dodd/frank the right legislation? how come only 40% has been implemented? >> well, there's a lot of good with dodd/frank. we got the things we needed out of dodd/frank. why is only 40% been implemented? well, it's a big, complicated bill, but we have too many regulators. we have five -- >> everybody wants to weigh in. >> we have five regulators all fighting with th
it to humpty-dumpty. more importantly, he says he would now consider supporting a delay of the tax penalties in the law's individual mandate. second, obama care suffered a loss in court today. the d.c. federal peers court struck down the birth control mandate in the law. the case is now expected to go to the supreme court. and this is the number, the number that still resonates across america. tonight six, six only six people successfully enrolled in an obama care health exchange plan on day one of the roll-out. six. let's talk about all this. we welcome for the first time dorian warren, columbia university associate professor and roosevelt institute fellow. robert traynham, former bush/cheney senior adviser and georgetown university assistant dean. and jimmy kemp, president and founder of the jack kemp foundation. welcome, everybody. bob traynham, one of the things that occurs to me today with all that went on, the cancellations and the lack of grandfathering, and it was one drama after another, sebelius gave a terrible performance and so forth, and people realize they're not going to be ab
because of the new tax they have to pay. all of this is a direct result of obamacare and it's hitting the economy when unemployment remains very high, the debt is astronomical and growth remains at a miserable 2% or less. do not expect this president to take responsibility. he will blame the republicans for the shutdown and he'll blame the shutdown for the slowdown, but forget politics, forget it for a second. the point is that obamacare is going to hurt the economy. it's going to hurt when we can least afford to take another hit. i really want to end on a positive so i will engage in wishful thinking. suppose that democrats in the senate come to understand that obamacare is a disaster and they kill it? now, i know, highly unlikely, but i'm speculating here. but can you imagine the growth that killing obamacare would unleash? can you imagine it? i live in hope. [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. [announcer] ...eve
. >> why did the revenue hit bottom later? >> it's a function of the property tax. the property values are still struggling, as well as the lag in assessed values and in addition to that, the state and federal aid was also cut during that time, as well. >> you know, i was is surprised to see cities like chicago, new orleans on this list very close to running out of cash over the next couple days. is it possible they could become the next to detroit and go banks result? how bad is the situation? >> they aren't necessarily running out of cash. what the studies measured was the fiscal cushion they had. the reserve funds or rainy day funds they had to cope with emergency. that said, they are still struggling but bankruptcies are very rare. i don't think you'll see chicago or louisiana, shreveport, louisiana become the next detroit. it's something that most municipalities try to avoid. >> i read in the article they recommended that fresno for example should ideally have something like 10 million dollar in an emergency found. what is the typical cushion a city you would recommend should have
that they companies -- that big companies do not like either. they are going to tax them out of business. arizona, big mesa they have thousands of cars completely wasted and crushed. host: thank you for the call. a political note from the hill -- paper an ad is airing tomorrow that uses past statements, slamming charlie crist. he was once theory governor of florida as a republican. he will enter as a democrat after filing the necessary paperwork on friday. details online at the hill.com. our newsmakers program is focusing on the farm bill with tom vill sack -- with tom vill ilsack. tom v conversation, why the farm bill is important -- [video clip] investing literally billions of dollars in business development. money is going to be invested in renewable energy and bio-based products. it is a research built. it will provide resources to universities to come up with new innovations. because of our research initiatives, i think 360 four patent applications have occurred just from usda sponsored grants. it is a conservation bill and an ability to protect our soil and water. it is a trade bill. this create
or the accountant who does your taxes or the mechanic who fixes your car? the president encouraged lawmakers to pass the legislation. >>> and tim cook the ceo of apple is also urging passing this. he writes in the wall street journal that "when people feel valued for who they are, they have the comfort and confidence to do the best work of their life." >>> 7:16. new in egypt this morning, former egyptian prod, mohamed morsi appeared in fourth for theist -- president, mohamed morsi appeared in court for the first time since he was removed from power. he says he's the legitimate leader and the court has no jurisdiction to put him on trial. the trial was adjourned until january. he's in a secret location while awaiting his trial. he could get the death penalty if convicted. >>> a man from mish twin claims he -- michigan claims he tipped off the fbi where to find osama bin laden. now he wants to be paid the $25 million reward. tom lee, he's an international jewelry marketer, says he told the fbi bin laden was hiding in pakistan in 2003. the fbi says bin laden's location was found using electronic intell
%, that's a 20% increase out of the box. secondly, there's anywhere from 4% to 5% in taxes and fees associated with the new affordable care act. and then there are changes -- the third thing, there are changes in rating. there are more benefits required. there are changes in, you know, preexisting conditions. all those add up to an average increase we've seen across the united states, depending on the market, of anywhere from 30% to 40%, ranging anywhere from low single digits all the way over 100% increases. >> the point is, the more people who opt in, the less the premium has to go up. more people opting in, that's more premiums coming in so the levels of the premium don't have to go up so much. but that's a big if. let's talk about the impact on your bottom line for next year. in your conference call today, you said, it's unclear what your growth is going to be next year, in part, because of the dust failing to settle on obama care right now, right? >> well, i think there are a lot of factors. first, the economy and whether or not there's going to be a change in utilization, so i
earnings in the extended hours tonight. the third quarter of 2013 after tax operating income attributable to aig of 1.4 billion after tax operating income per share, 96 cents a share. stock down. ceo bob ben mosche will be with me. what does dan niles know about facebook the rest of wall street doesn't? >>> plus, haunted towns? big winner of our day, long quest to find the best home in the spookiest town. queen of real estate will be with me. you're watching the "closing bell," on cnbc, first in business worldwide. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience." >>> welcome back. a month for stocks. the dow and s&p 500 both hitting all time highs in the month of october. nasdaq pushing
, depreciating rupee and rise in inflation. add to that a high import tax on gold makes it even more expensive for indians to buy gold in rupee terms. traders say that's concerning given that india is the biggest buyer of gold, making up 20% of world's consumption. typically gold shares rise 2% around the volley. but this year we aren't seeing that big move in gold. according to the local merchants i spoke to in new delhi and mumbai, they're considering alternatives like silver. silver won't be able to fully replace gold's important role in weddings, religious events and festivals. experpts say regardless of the current state of the economy india will always have an insatiable appetite for the shiny yellow metal. demand just might be lackluster this holiday season, maria. >> thank you so much, seema. stay right there. we want to bring in a pair of gold experts for their take. >> dennis gartman. he's been long gold. paul sachs has been bearish. dennis, you'r long call on gold is that based on supply/demand. outlook on inflation? all of the above? what makes you like gold at these levels? >> fir
. gas is cheaper. that makes people feel better. >> don luskin, is this enough to create a consumer tax cut? is this enough to boost the economy? >> look, there's a demand side way of looking at it and a supply side way. the demand side way is having to spend so much on gasoline crowds out other expenditures. i like the supply side way. when gas is cheap, you can buy more gas. you can drive a car that will fit your whole family. you can live in a home that's further away from your work. you can go to home depot and buy more stuff. gas is the stuff of growth. for the last ten years, we've been spending 3% of gdp on gas. that's too much. during the reagan years and the carter years, we were spending 1% of gdp on gas. that's what makes growth possible. we could get back there again. we just need a republican congress and a republican president to take the chains off fracking. we could have 50 cent gasoline. >> i'm -- i'd love to take the chains off fracking, but we had a much stronger dollar. during the reagan years, we had a much stronger dollar. if memory serves me, the price of crude oi
of the tax benefits, and cheeper plans available through the new changes. the other half getting cancellation notices will have to pay more for insurance than they pay now. a woman in california is paying $98. the cheapest plan she can find is $238. she and others don't understand why they should be forced to pay for things in their plan that they don't want or need. the white house insists it was clear that some americans would have to pay more on the front end to bring costs down for everybody over the long end. >> that was david shuster. >> u.n. officials confirmed an outbreak of polio, the first time the disease was seen in a decade. there were 10 confirmed polio cases. 12 are being investigated. most tested are babies and toddlers. the disease will spread among half a million children who have not been vaccinated. members of congress heard from victims of a drone strike of the the pakistani family appeared on capitol hill to talk about the attack that left the family matery ark dead. kimberley halket has the story. >> they travelled from north waziristan to the u.s. congress in washingto
who pay for it are not consuming it on the margin and that is a huge tax wedge and it will drive it straight down. dagen: the subsidies will be provided before the sick will be subsidized. there are two ways to get paid for it. connell: it was nice to have you today in the studio. >> it was nice to be in the studio. dagen: get your butt up to new york. >> i love it. connell: get the tape. thank you. >> thank you very much. connell: the markets today. slashing some 49,000 jobs due to a slow mortgage business named the top job cu cutter for the mh of october. those are numbers in from the outplacement firm. but what is the risk to other job creators and how will it affect your portfolio? let's talk about that. his investment strategist, the chief trader there in washington, d.c., where all the action seems to be lately. what about these job cuts in the financial sector, what is the effect? >> we should not be surprise at all. this is what has been happening for most companies and for the financials over the last two years. companies are growing earnings without growing revenue so h
sold. the proceeds of the tax would pay for health, nutrition and activity programs for city youth supervisor weiner thinks the majority of voters would support the tax because it would benefit children. >>> the change in weather here in the bay area is bringing snow to the sierra. brian hickey is in kingsville where snow has been falling most of the morning. >> reporter: take a look behind me at individual -- king yale. we have 4 to 5 inches. folks come up to the chain patrol, many unprepared for the winter driving conditions. we have seen big rig drivers, having to turn around and head back down the mountain because they didn't come up with chains. and a lot of drivers doing the same. drivers can buy chains from the chain installers at a hefty brice. if you have plans to commissary between now and does -- come to the sierra between you and tuesday morning, bring those chains. 6 inches of snow here, light, fluffy powder, gives you an indication of how cold it is, even at kingdale where is conditions are fluffy and white. we first encountered this snow, even blow nyack, blue canyon
a rather attractive tax structure. but in some ways, this is a big public relations exercise over the next couple of days to prove there is more to technology here than just the tax system. so you can see behind me, a whole bunch of stores where many of these engineers are showing their wears or if they're pitching on stage trying to secure a venture capital money. they're all here trying to prove that technology in ireland is one that the prime minister has been focusing on. i'm going to be catching up the prime minister prime minister later on as we see that bell rung for the nasdaq. between the technology sectors in the states and here in europe, this is a company serving a growth story. let's hope it is one for ireland, ross. >> good stuff. thanks for that, ross. don't forget, come up tomorrow, karen will have interviews with the current rising stars ryan homes and hoot suite. that's tomorrow. right now, you need to keep et here on cnbc. coming up with the countdown to the opening markets stateside, whatever happens, though, we hope you have a profitable day. bye for now. >>> good morn
are -- >> you want them better or -- >> no. it's expensive. >>> we're going to talk about the sugary drink tax debate. also, in sports news, the boston red sox, can win the world series tonight at fenway if the cardinals win. game seven, that's going to be in boston. >> if they win in boston, it will be the first time since woodrow wilson. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >>> after singapore airline stops service between singapore and new york, which airline will have the longest flight with no stops? qantas airways with 8600 mile flight between sydney and dallas. >>> time now for the executive edge. this is our daily segment focused on giving business leaders a leg up. almost every major insurance has a review of the new apple ipad air today. and re
because the government is now discussing tax reform, it is now discussing structure reform. so in many next year, for keeping the government on its turf with less positive news is probably the most important thing to do right now. >> all right, martin, thanks for that. martin schulz in tokyo. if you have any thoughts or comments, e-mail us, worldwide@cnbc.com. >>> on today's show, stress tests are welcome as cnbc's paribas. after the break, we'll be in paris to hear what else he had to say. >>> dublin is host ago summit with the top web companies and entrepreneurs. within the next half an hour, we'll go there to talk to two rising stars on the internet. ryan holmes and karen levie of gox. >>> but the glory is fade iing an oil company files for bankruptcy. we'll discuss that and a big earnings story. >>> now a recap of the headlines today, more liquidity will avoid a shock ending to ltro. >>> auto a big earnings day across the world, alcatel lucent, some suffered in the european open, but shell stocks hit the skid. >>> and in the u.s., facebook beat forecasts, but worries persist over a
insurance exchange. >> you would qualify for a tax credit of about $362. >> summit has one of the highest rates of uninsured people in the state. he works part time at key stone resort and doesn't get health insurance through his job. resort communities like summit have long had higher insurance premiums than the rest of the country and so far, obamacare has done nothing to make i less expensive. >> how many people have you enrolled here? >> so far, not one. thus far, everyone's taken a look at the rates and walked out the door. they just can't afford it. >> the higher you go in colorado, the more you're going to pay for health care. i'm crossing the continental divide, and my health care costs just went up 50%. >> colorado is divided into 11 rating areas, area 11 home toe summit and a few other resort counties has the state's highest premiums. right next door, areas one and three, boulder and denver one of the lowest. the congressman said summit belongs in area three. >> when people have illnesses that they can't deal with locally, they are very likely to come to the denver area for trea
in a position to raise taxes. he told you what he's going to do. he's going to take taxes up. if he wins, does that put a crimp in anything? do rates go higher? >> in terms of the mayor's race we'll see in the next couple of weeks. whoever it is, will try to continue the positive job growth, the diversification of our economy, technology -- focused on technology. a lot of the companies moving downtown, midtown south are getting priced out. i think whoever that mayor is, whether it's lodo or de blasio, he'll continue to make jobs, continuous to be the capital of the world in terms of trying to attract and retain the best and brightest and continue to drive crime down and public safety and a liveable city. go to brooklyn. you see the tremendous amount of people living and working in brooklyn today, queens, all over the city great growth. >> brooklyn is hot. what industries are spending the most money in terms of real estate right now? you said technology. >> definitely technology. but it's also -- there's a company called we work. it's just taken over 200,000 feet downtown. it's a shared work en
and there are taxes involved. >> i think apple has a capability to borrow more money. they are far from insolvent. they're a cash machine. bondholders would love to buy apple. >> does this bring the company back to the glory years of steve jobs? >> i think it benefits the shareholder shareholders apple is now a mature company. i think that carl icahn is stepping up. making sure that the ceo has a fiduciary responsibility. >> should a company with this much cash on hand be borrowing. >> is it more efficient to borrow money here in the u.s. and leave the cash off shore? unfortunately under current tax policy, that's probably the best move. >> apple is a little bit caught up in this discussion. we all believe that eventually we will get to a 25% corporate rate. but i do think that in the long term, getting that product life cycle down and restoring the market's faith in their innovation probably does a lot more for their stock than a bigger buy back program. keep in mind they already have a record breaking buy back program in place. >> since carl icahn has gotten involved, is he on to something here
they did it redirecting the president's tweets and where the users ended up. >> and putting a tax on sugary drinks. just how much more you could pay for soda and other sweet drinks in san francisco. >> hey if you're going to the snow we have some information on chain requirements that you may want to hear. also hear the live look at some of your bay area roadways, this is highway 24 and more traffic just ahead. >> and mostly cloudy skies over us right now. could be a few light sprinkles and it looks better today but not much warmer. i'll have those cooler forecasted highs coming up. ♪ at kaiser permanente we've reduced serious heart attacks by 62%, which makes days with grandpa jack 100% more possible. join us at kp.org and thrive. >>> welcome back. happening today, people in santa rosa still exprezzing grief and anger over the deadly shooting of a 13-year-old boy by a sonoma county sheriff's deputy. ktvu channel 2 news channel 2 reporter alex savage joins us now from santa rosa. there's an event today, alex? >> reporter: well, anger certainly growing in this community and so is this memo
of taxes and fees associated with the affordable care act that need to go into pricing, so all those things create a very unstable market, cause us to rethink the fundamentals. >> like everything else here, you look a little closer and it's not so simple. divide aetna's billion in costs by its 22 million members, comes out to $45 apiece. so we put this issue to our cnbc global cfo council. 25 chief financial officers representing some of the nation's biggest and most important companies. about half of them responded to our questions. 64% see health care costs per employee rising this year, but a plurality says less than 10% of the increase has anything to do with the affordable care act. indeed, rising premiums at work are nothing new. the kaiser family foundation says over the last ten years, your contribution for health care at work has gone up on average 89%, all of that long before obama care. >> it has been happening every year as you and i and anyone who has a corporate plan knows. you're paying higher deductible, more out of pocket, higher monthly bills. >> we don't know what it's go
to get access to a database aimed at busting tax evaders. the new database contains company ownership details. in an effort to expose international money laundering and tax evasion schemes, the information is specific to those with 25% or more of a company's shares or voting rights. by making it public, the british government is hoping to put pressure on firms and individuals trying to hide money and profits. we'll see if that works. all right, landing in egypt, the country's tourism board is launching an ambitious campaign to lure back visitors that haven't been scared off by the political turmoil. yeah, those pictures not helping with tourism. you'd think being home to one of the wonders of the world would be a big enough draw, but egypt has lost $2.5 billion in revenue since the revolution began in 2011. a about eleven and a half people visited egypt in 20 the, hoping -- 2012. some days you're too sick to work. other days you're simply sick of work. and like ferris buehler, you just need a day off. from counterfeit colds to fraudulent flus, you won't believe how far some people go.
but are they right? >> we'll get back to much more on the shooting at l.a.x. and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. maestro of proj
six weeks. when you file your taxes for next year, you don't need to fill out a waiver. a guidance was released last night saying you don't need to claim that exemption. the health and human services saying, quote,, the administration has determined it would be unfair to require individuals to make penalty payments. the penalty would be starting at $95 per person just in 2014. now again the deadline is march 31, you won't have the coverage till may 1 but you also won't have the penalties. we'll talk about some of the issues with website that you can sign up for the new health care plan, healthcare.gov and what questions may be answered this week about the rocky roll out. for now we're live at the hhs building, ko im, wusa9. >> thank you, ko. >>> prince george's county police have charged three men in last week's murder of a hotel employee. investigators say deandre weems was the gunman. all three are from d.c. kimfrey williams was driving the getaway car according to police and rinaldo washington served as the lookout. jesse chavez was shot and killed at the clarion hotel in oxon h
when you file your taxes for next year, you don't need to fill out a waiver. a guidance just released just last night saying that you do not need to claim an extension. health and human services department saying the administration, quote, has determined that it would be unfair to require individuals in this situation to make penalty payments that would have been $95 per person to start in 2014. again, the new deadline is march 31. we'll give you an update in the next half-hour about the fbis for the website healthcare.gov and of course we'll be hearing more about the report that says that millions of americans may be getting their health care plans canceled because they don't allegedly meet the new requirements. live at the health and human services department, ko im, wusa9. >> thank you. >>> three d.c. men have been charged in the murder of a hotel employee in oxon hill, maryland. jesse chavez was shot and killed last week at a clarion hotel in oxon hill when he came to the aid of a coworker at the hotel's front desk. prince george's county police say deandre weems was the gunman. k
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